Explosive allegations in BofA hearing over $8.5B MBS settlement

A New York State Supreme Court judge continued hearing explosive allegations in an article 77 hearing that will determine whether Bank of America’s (bac) massive .5 billion mortgage-backed.

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Bank of America’s proposed $8.5 billion settlement with investors in Countrywide mortgage-backed securities gets all the attention, most recently in a column Sunday by Gretchen Morgenson of The New York Times, who cited new claims that echo old allegations of banks shortchanging MBS noteholders through modification of underlying investor-owned loans.

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Syracuse about to sweep up 100 properties over delinquent taxes Delinquent. tires are piled up inside a barn on the property. zoned light industrial, the building and its 4.33 acres is currently assessed at $237,700.The current owner owes $32,068.94 in city,Is Seattle about to do away with single-family zoning?

According to news services, Walnut Place, otherwise known as Baupost Group, withdrew objections to a proposed $8.5 billion settlement currently under way with Bank of America, which bought.

BofA Article 77 hearing adjourned until mid-November. Those hoping for an imminent resolution to Bank of America’s ( BAC -1.1%) $8.5B MBS settlement – or even for a complete record of the Article 77 hearing in order to handicap the outcome – will have to wait. Judge Kapnick has adjourned the hearing until November 14,

A New York State Supreme Court judge continued hearing explosive allegations in an Article 77 hearing that will determine whether Bank of America’s (BAC) massive $8.5 billion mortgage-backed.

According to Reuters, the final witness took the stand in a trial involving Bank of America’s (BAC. scheduled witness in a long-running case over whether the deal should be approved. "My opinion is.

Chicago area home prices up 14 percent in October Homes in the Salt Lake-Ogden metropolitan area are selling faster, prices are increasing and fe. sponsored; legal notices Obituaries Jobs Homes. Sections. Subscribe. Salt Lake City, Ogden housing market warming up. Report finds Utah’s largest metro area seeing higher prices.

Ex-B of A employee’s court victory puts all banks on notice. Salma Aghmane, a client manager at Bank of America, was fired in 2013 for withdrawing money from a cousin’s Bank of America account, purportedly without authorization. Aghmane said she did have the authorization and the young.

Housing inventory steadily declines in 2012 Shadow inventory declines by 1.2 million in 2012 – HousingWire – Banks trimmed 1.2 million troubled mortgages or foreclosed homes out of the massive shadow inventory hanging over the housing market in the first half of 2012, Shadow inventory declines by 1.2.